Station Casinos, Inc. Announces Commencement of Consent Solicitation

Press Release: Station Casinos, Inc.
June 7, 2001
LAS VEGAS, NV -- Station Casinos, Inc. (NYSE: STN) yesterday announced it has commenced the solicitation of consents from holders of record as of June 5, 2001 of the Company's 8 7/8 percent senior subordinated notes due 2008 and 9 3/4 percent senior subordinated notes due 2007. The Company is seeking certain amendments to the indentures governing such notes. The solicitation of consents is being made upon the terms and subject to the conditions set forth in the consent solicitation statement, consent forms and related materials which are being mailed to holders as of the record date. The Company will pay consenting holders $2.50 in cash for each $1,000 principal amount of the notes if the proposed amendments become operative. The solicitation of consents will expire at 5 p.m. EDT, June 20, 2001, unless extended by the Company. Dresdner Kleinwort Wasserstein is acting as solicitation agent and D.F. King & Co., Inc. is acting as the information agent for the consent solicitation. A copy of the consent solicitation statement, the consent forms and related materials may be obtained from D.F. King & Co., Inc. by calling (800) 714-3305.

Station Casinos, Inc. owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino and the Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, the Texas Station Gambling Hall & Hotel, and the Fiesta Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino, and The Reserve Hotel & Casino in Henderson, Nevada. The Company also owns a 50 percent interest in Barley's Casino & Brewing Company, as well as slot machine route management services in the Las Vegas metropolitan area.

This press release may be deemed to contain certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, acquisitions, and expansion projects of the Company and its subsidiaries which involve risks and uncertainties including, but not limited to, financial market risks, the ability to maintain existing management, integration of acquisitions, competition within the gaming industry, the cyclical nature of the hotel business and gaming business, economic conditions, regulatory matters and litigation and other risks described in the filings of the Company with the Securities and Exchange Commission, including, but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2000, and its Registration Statement on Form S-4 File No. 333-58888. Additional financial information, including presentations from recent investor conferences, is available in the ``Investors'' section of the Company's website at www.stationcasinos.com.

SOURCE: Station Casinos, Inc.